The military service chiefs gave dire warnings yesterday about cuts to weapons programs and harm to the defense industrial base coming if congressional inaction spurs roughly $1 trillion in Pentagon budget cuts. A congressional deficit-cutting panel has three weeks to craft a plan to trim up to $1.5 trillion in federal spending over the next decade. If it fails to craft legislation that passes Congress, a sequestration process could trigger up to $600 billion in additional defense cuts on top of…
Service Chiefs Paint Dire Sequestration Picture
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